H-P Statement on FT Report

PALO ALTO, Calif. -- March 2, 2002--Hewlett-Packard Company today issued the following statement in response to an article in the Financial Times and FT.COM:

The reported action of Walter Hewlett to recruit former HP CEO Lew Platt as a replacement CEO for Carly Fiorina is an outrage and blatant disregard of a director's responsibilities. In addition, an erroneous headline in an early posting of the article on FT.COM, which is being corrected by the...